Highlights

• Equity underwriting in European exchanges accumulated in 2015 a total of € 201.5 bn in proceeds, an increase of 16.7% from the value observed in 2014 (€ 172.7 bn). Equity underwriting encompasses Initial Public Offerings (IPOs), convertible securities and follow-on offerings.
• Mergers and Acquisitions (M&A) between European companies (as acquiring and target companies) totalled € 396.9 bn in 2015, an increase of 11.9% from the value observed in 2014 (€354.6 bn).
• Equity trading activity in European exchanges and MTFs accumulated in 2015 a total of € 13.1 tn in turnover value, an increase of 28.7% from the value observed in 2014 (€ 10.2 tn).
• Market capitalisation of European shares stood at € 11.9 tn at the end of 2015, an increase of 15% in Euros from the value observed in December 2014 (€ 10.7 tn).